Gurgaon’s real-estate market has started showing signs of revival with the M3M Group delivering five key projects after demonetisation. The move was expected to curb black money, but it also resulted in a slowdown in the real-estate sector. But now the scenario is changing, as players like M3M, one of the leaders in the luxury segment, have started to deliver key projects within a short span of time, post demonetisation.

A greater part of the country's developers appear to be on a ‘Mission Project Completion’ nowadays, possibly due to the impact of RERA

Real-estate developers have welcomed the implementation of Goods and Service Tax. According to them, GST will greatly improve a fractured tax system and help create an integrated Indian market. The government has always made it clear that leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will start attracting GST.

Real estate developers have welcomed the implementation of the Goods and Services (GST) Tax. According to them, GST will greatly improve a fractured tax system and help create an integrated Indian market.

According to a JLL report, approximately 45,000 luxury housing units were launched in financial year 2016 with the top nine cities constituting 21 per cent of the total residential launches.